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Oct 16, 2012
10/12
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the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i think that was quite an intro. i do think you make a series of great points. we forget that before barack obama ever walked into the oval office, president bush had spent a trillion dollars that year. they want to blame -- it's funny. you listen to them talk about it and you forget that that was all under their watch. and so many of the policies that we're trying to unwind right now, we ended the war in afghanistan. we had to put more troops in afghanistan, now we're in the process of bringing more troops home. the bush tax cuts a lot of things that we're having to continue to pay for that are really the result of h
the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i...
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Jul 20, 2010
07/10
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they don't add to the deficit them actually reduce the deficit. the shock political development tonight is the way that this philosophy, this talking point is being debunked and dismantled, complete with a that i havy insulting from within the republican party. a nationally known republican sage. a public gray beard is taking his fellow republicans apart on this. >> so what i'm saying is that it just isn't going to work. and it is very interesting that the man who invested this type of what i call a voodoo economic policy -- >> voodoo economics. the idea that massive tax cuts can actually reduce the deficit and help balance the budget. it is voodoo economics. burn! that was, of course, george herbert walker bush way back in the primary season before the 1980 election. debunking fellow republican ronald reagan's promise. his campaign promise that he would balance the budget while also giving massive tax cuts. >> a big difference, for example, that the governor and i have regards this tax cut. in my judgment, that economic program would exacerbate t
they don't add to the deficit them actually reduce the deficit. the shock political development tonight is the way that this philosophy, this talking point is being debunked and dismantled, complete with a that i havy insulting from within the republican party. a nationally known republican sage. a public gray beard is taking his fellow republicans apart on this. >> so what i'm saying is that it just isn't going to work. and it is very interesting that the man who invested this type of...
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Jul 19, 2010
07/10
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if do you what they want to do and repeal, they are adding to the deficit. if i could just go make a couple points here because pete really said what we're saying. i wrote it down. they want to go back to the same agenda. the same agenda that got us into this mess. the bush tax cuts for the wealthy in 2001 and 2003, we know they didn't create any jobs because at the end of that eight-year period you had a loss of private sector jobs and that's a fact. why in the world we would want to go back to that agenda i think is a mystery to me and it's going to be a mystery to the american people going forward. what they do have some creative ideas including the guy who's their point person on the budget committee which is the road map plan. they would go back to a proposal to partially privatize social security, which is something pete has supported and we can have that debate but the american people need to know that and they also have a plan to turn medicare into a voucher program. you give the senior the voucher. by the way, the value of that voucher will decrease
if do you what they want to do and repeal, they are adding to the deficit. if i could just go make a couple points here because pete really said what we're saying. i wrote it down. they want to go back to the same agenda. the same agenda that got us into this mess. the bush tax cuts for the wealthy in 2001 and 2003, we know they didn't create any jobs because at the end of that eight-year period you had a loss of private sector jobs and that's a fact. why in the world we would want to go back...
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Jul 18, 2010
07/10
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the deficit was 3.2%. the last year president bush was in office. now it's 10%. the debt was $2.3 trillion lower when -- in 2008 than it is now because of runaway spending and debt. >> my question is still, what is the division of the republican party today than the bush administration. >> they had single party government and it's scaring the living daylights out of them. it's keeping job creators on the sidelines rather than investing and create jobs. that's why the private sector -- >> maybe they'll see that as a strategy of saying no rather than saying yes to something? >> well, my constituents in texas, i have to tell you, to all the bad ideas they hear coming out of washington these days, no is a good start. and then they want us to replace it with common sense policies that actually make sense. but the problem is, our friends on the democratic side, including the president, have passed one unpopular policy measure after another and told the american people, we don't care what you think. we know better than you do what's good for you and i think the birds ar
the deficit was 3.2%. the last year president bush was in office. now it's 10%. the debt was $2.3 trillion lower when -- in 2008 than it is now because of runaway spending and debt. >> my question is still, what is the division of the republican party today than the bush administration. >> they had single party government and it's scaring the living daylights out of them. it's keeping job creators on the sidelines rather than investing and create jobs. that's why the private sector...
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Oct 17, 2012
10/12
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that's what took us from surplus to deficit. when he talks about getting tough on china, keep in mind that governor romney invested in companies that were pioneers of outsourcing to china and is currently investing in countries, in companies that are building surveillance equipment for china to spy on its phone folks. governor, you're the last person who's going to get tough on china. and what we've done when it comes to trade is not only signed three trade deals to open up new markets, but we've also set up a task force for trade that goes after anybody who is taking advantage of american workers or businesses and not creating a level playing field. we've brought twice as many cases against unfair trading practices than the previous administration, and we've won every single one that's been be. when i said that we had to make sure that china was not flooding our domestic market with cheap tires, governor romney said i was being protectionist. that it wouldn't be helpful to american workers. well in fact we saved a thousand jobs
that's what took us from surplus to deficit. when he talks about getting tough on china, keep in mind that governor romney invested in companies that were pioneers of outsourcing to china and is currently investing in countries, in companies that are building surveillance equipment for china to spy on its phone folks. governor, you're the last person who's going to get tough on china. and what we've done when it comes to trade is not only signed three trade deals to open up new markets, but...
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Aug 3, 2010
08/10
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, but the way to deal with that deficit is not punishing the middle class as the republicans want, but take a look at all of those tax loopholes to go to the wealthy and large corporations. this year our friends at exxon mobil had a bad year. they made $19 billion in profits. do you know how much they paid in taxes? >> i'm sure less than i did. >> it's not only less. it's zero plus $156 million in an irs fund. $156 million ever year go into cayman islands by rich guys and their corporations. we need to absolutely create jobs. there's a sense of urgency in the obama administration and geithner that is not there. people are desperate. they're hurting. they're worried about the future. let's deal with the deficit by doing away with loopholes and tax breaks. >> i don't disagree with what you're saying. i look at obama and his economic team, though, and i don't look at a group of people the fever to restore job miss the country because they're too busy defending past bad decisions and trying to cover up. that's what i see. >> i tend to agree with you. here's something else. at this moment w
, but the way to deal with that deficit is not punishing the middle class as the republicans want, but take a look at all of those tax loopholes to go to the wealthy and large corporations. this year our friends at exxon mobil had a bad year. they made $19 billion in profits. do you know how much they paid in taxes? >> i'm sure less than i did. >> it's not only less. it's zero plus $156 million in an irs fund. $156 million ever year go into cayman islands by rich guys and their...
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Jul 28, 2011
07/11
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and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the debt limit going and it will prevent us from doing infrastructure work. the green energy work that we need to do. p to put people back it work here in america. >> senator sheldon whitehouse, thank you. >> thank you, reverend. >> now from the washington post and msnbc analyst richard wolfe. dana to you on the hill first, do you have any information we didn't get from luke? can you give me some inside tidbits on how the vote is not coming around for speaker, get your butt in line baner? >> not quite the way he ordered. i think he laid it out pretty well. i was
and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the...
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Nov 30, 2010
11/10
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>> republicans like to say they're being responsible about the deficit. tax cuts somehow don't factor into that. this is a bigger debate about what government should do and should be at a time when people are still struggling economically. there is something more than politics at play here. when democrats have to be shown -- have to somehow themselves as listening to what voters have wanted? >> although the republicans didn't do that after 2008? but i'm nitpicky. also a pleasure. thank you for joining us, richard. >> thank you, cenk. >> now was this ultimately at photo op with little meaning or substance. listen to what colorado democrat michael bennet said on the floor of the senate just a short time ago. she's just off camera, but he didn't realize the mike was still on. let's listen. >> it's all rigged. i mean. the whole conversation is rigged. the fact that we don't get a discussion before the break about what we're going to do in the lame duck is just rigged. >> if it is rigged, who is rigging it? which side does it come out in favor of? those are go
>> republicans like to say they're being responsible about the deficit. tax cuts somehow don't factor into that. this is a bigger debate about what government should do and should be at a time when people are still struggling economically. there is something more than politics at play here. when democrats have to be shown -- have to somehow themselves as listening to what voters have wanted? >> although the republicans didn't do that after 2008? but i'm nitpicky. also a pleasure....
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Apr 11, 2012
04/12
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it's not just the national debt and deficit that president bush left behind. this, for example, is median household income during the bush administration. income went down during the time that president bush was in office. this is the u.s. manufacturing jobs. manufacturing jobs in the united states during the 1990s heading into the year 2000 heading into the bush administration. here is what happened to manufacturing in the united states under president bush. disaster. the manufacturing sector is now rebounding under the current president. look at what happened during the bush administration. throughout most of the 20th century as american workers got more productive, their hourly wages increased as well. if you did more over the course of the hour, you got paid more. worker productivity and hourly wages were tied together as you there. what happened during the bush years. rocker productivity skyrockets, hourly wages remained totally flat. there was one silver lining during the bush years. there was one economic exception to these rules. the sole exception was
it's not just the national debt and deficit that president bush left behind. this, for example, is median household income during the bush administration. income went down during the time that president bush was in office. this is the u.s. manufacturing jobs. manufacturing jobs in the united states during the 1990s heading into the year 2000 heading into the bush administration. here is what happened to manufacturing in the united states under president bush. disaster. the manufacturing sector...
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Jul 15, 2010
07/10
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so i care about deficits, absolutely. but what i care even more about is job creation that people have a chance to join the middle class. we saw jobs created, 22 million in the clinton years. because they were responsible about cutting tax e es selectiv and increasing taxes selective and they were responsible about what government programs they formed and they dismantled. 22 million jobs created and incomes went up in those eight years for the average american. and in the next eight years, the eight bush years, only 3 million jobs created and that wasn't even enough to keep up with population growth. so in that sense, there was a relative decline in job creation. and wages were flat or worse for the average american. so -- and coupled with that, what the republicans did in eight years is they cut taxes for the richest americans and they de-regulated wall street and de-regulated worker safety. look what happened to the mine disaster. and de-regulated in terms of safety and environment. look what happened in the gulf of mex
so i care about deficits, absolutely. but what i care even more about is job creation that people have a chance to join the middle class. we saw jobs created, 22 million in the clinton years. because they were responsible about cutting tax e es selectiv and increasing taxes selective and they were responsible about what government programs they formed and they dismantled. 22 million jobs created and incomes went up in those eight years for the average american. and in the next eight years, the...
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May 16, 2012
05/12
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i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. [ male announcer ] raise your hand if you've got savings whiplash. you know, from car insurance companies shouting, "save 500 bucks over here!" "no, save 300 bucks over here!" "wait, save 400 bucks right here." with so many places offering so much buck-saving, where do you start? well, esurance was born online, raised by technology, and majors in efficiency. so they're actually built to save you money... and time... and whiplash. esurance. insurance for the modern world. click or call. >>> coming up, mitt romney and the gop's new ad blitz says the president is solely to blame for the national debt. i think they are the ones that will make it worse. we'll explain. >>> later, i'm bringing out
i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. [ male announcer ] raise your hand if you've got savings whiplash. you know, from car insurance companies shouting, "save 500...
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Feb 8, 2010
02/10
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if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit without reforming the entitlement programs, medicare, medicaid, social security. and it doesn't have to be a crisis. this is something that can be handled. but one of the things i talk about in my book, one of the lessons that just hit me right between the eyes being in washington, is it's very, very difficult to get congress to act on anything that's big and difficult and controversial if there's not an immediate crisis. and so what it's going to take to get leaders on both sides to come together and deal with this i think is a huge question. >> dr. greensp
if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it's a generational issue, because there's no way we're going to deal effectively with the deficit...
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Apr 14, 2011
04/11
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hit spending and deficit targets that are less ambitious than the last plan he came up with a commission to come up with a plan. so, this wasn't a plan. this was punting. >> the president goes and delivers this speech in which the only concrete proposal that he proposed was raising taxes. and that solution falls far short of dealing with the kind of crisis that we're facing as far as the debt is concerned in this country. we care about these entitlement programs. that's why we're trying to say you got to have the safety net for those who need it. we have spoken to the specifics. mr. president, we are serious, where are you? >> still according to moody's the president's plan may be a positive for the country's quality. here's some of the reaction to the speech in today's papers. president obama reinvigorated. the man america elected president has re-emerged. >>> former president bush chief of staff karl rove writes in the wall street journal quote -- >>> on capitol hill, the house and senate are expected to vote today on the much debated spending compromise that will fund the government f
hit spending and deficit targets that are less ambitious than the last plan he came up with a commission to come up with a plan. so, this wasn't a plan. this was punting. >> the president goes and delivers this speech in which the only concrete proposal that he proposed was raising taxes. and that solution falls far short of dealing with the kind of crisis that we're facing as far as the debt is concerned in this country. we care about these entitlement programs. that's why we're trying...
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Jul 9, 2012
07/12
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first president bush left us in a deficit. it wasn't enough to overcome the initial reagan tax cuts. even though reagan also raised taxes. they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her congressional seat in philadelphia. so this was a big blood bath for the democrats but they were proved right. >> let me bring the politics of this in. the battle for the middle class. president obama today asking the congress to compromise by extend tax cuts for the middle class, not the wealthy. let me play you something he said and get your response of what the politics should be. >> so we should agree to extend the tax cuts for the middle class. let's agree to do what we agree on. right? let's not hold the vast majority of the economy hostage w
first president bush left us in a deficit. it wasn't enough to overcome the initial reagan tax cuts. even though reagan also raised taxes. they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her...
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Dec 8, 2010
12/10
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people are not supporting adding onto the deficit. keep in mind -- >> but, congressman, what would your strategy be, then, from this point guard? i've been reading your letter, studying, and you're not actually saying any specific thing in terms of procedure that should happen next. what do you want the president to do now? >> well, i'm going to vote against this package. >> you will vote against it. >> i will. now, here's the -- here's the dilemma. i mean, the president made his deal. from my perspective he made a deal that casts aside a central part of his campaign, we have to cast aside the bush tax cuts but he did it in the-in-inning. >> what is the ninth inning? is it new year's eve where you take it to the limit? >> the ninth -- you know, i absolutely would. i mean, you know the senate -- >> let me get something straight. would you allow the clinton tax rates to take effect on january 1st and have taxes go up for every taxpayer in vermont in order to continue the jousting with republicans over this issue, or do you believe that
people are not supporting adding onto the deficit. keep in mind -- >> but, congressman, what would your strategy be, then, from this point guard? i've been reading your letter, studying, and you're not actually saying any specific thing in terms of procedure that should happen next. what do you want the president to do now? >> well, i'm going to vote against this package. >> you will vote against it. >> i will. now, here's the -- here's the dilemma. i mean, the president...
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Jun 5, 2012
06/12
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outlining the causes of the national deficit. see the red part? taking up most of the space is this red part. those are the bush tax cuts. and another huge part of the deficits come from the wars that bush got us into. but if rove is serious about cutting spending, i'm sure he agrees to having the tax cuts go, right? wrong. under the super pac's website it says they support house bills 206 and 86. which would make the bush tax cuts permanent. carl voef and the rest of his right wing are perfectly happy to keep on spending money as long as they're the ones who get to do it. didn't he think he would notice his hypocrisy in this? nice try, but he gotcha. yone in, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative s
outlining the causes of the national deficit. see the red part? taking up most of the space is this red part. those are the bush tax cuts. and another huge part of the deficits come from the wars that bush got us into. but if rove is serious about cutting spending, i'm sure he agrees to having the tax cuts go, right? wrong. under the super pac's website it says they support house bills 206 and 86. which would make the bush tax cuts permanent. carl voef and the rest of his right wing are...
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May 16, 2012
05/12
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i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. hey nee? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in math and science. let's shoot for the stars. let's invest in our teachers and inspire our students. let's solve this. oh! seriously?! ♪ [ male announcer ] hunger getting to you? oh... [ male announcer ] grab a ritz crackerfuls. made with real peanut butter and whole grain. mmmm [ male announcer ] get hunger before it gets you. you could spend as much as $200. olay says challenge that with an instrument that cleanses as effectively as what's sold by skin professionals for
i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. hey nee? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and...
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Aug 6, 2010
08/10
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because of what they did to the deficit. the president is really being smart about this. this is not a referendum on the obama administration. if it is, we don't win. this is a choice. do you want to go what we had, which is what republicans have said they will do? or do you want to keep going and use real discipline on the budget deficit? you certainly can't do that by putting the republicans back in office. >> howard dean, thanks for your time. >> thanks for having me. >>> as we mentioned earlier, there's reportedly something in president bush's new book on the inside story of his presidency he does not want american voters to know before they go to the polls this year. the financial times quotes unnamed friends that he did not want to insert himself into the election. mr. bush has done this before, making himself scarce in the 2008 presidential campaign of john mccain. nor is his secrecy not the only thing republicans want to know in november. he'll remind voters while democratic scandals play out in the house, john boehn
because of what they did to the deficit. the president is really being smart about this. this is not a referendum on the obama administration. if it is, we don't win. this is a choice. do you want to go what we had, which is what republicans have said they will do? or do you want to keep going and use real discipline on the budget deficit? you certainly can't do that by putting the republicans back in office. >> howard dean, thanks for your time. >> thanks for having me....
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Aug 1, 2011
08/11
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. $1.65 trillion deficit, 22 billion is just a little bit of change. we need a lot more to avoid the problem. i think a lot of concern is about default that was never going to occur. downgrade of credit rating is a real threat unless we make serious structural reforms. >> congressman, if your vote would cause default, if that would cause us to go to default, risk federal services and federal workers, doesn't that bother you? >> yeah. i would be bothered if we had a default. that's what i said. i would also be bothered if the president withheld social security checks. as of today, as far as i know, there's sufficient funds to pay all our obligations and importantly the president can pri pri prior advertise. >> you then play a game how long can we keep it going, keep the confidence of the markets around the world. why would we act like that won't have impact on the average person in your district? >> i agree, a downgrade will impact it. and credit rating, s&p 500 and moody's suggest a downgrade could happen and is likely unless we make real cuts. >> but
. $1.65 trillion deficit, 22 billion is just a little bit of change. we need a lot more to avoid the problem. i think a lot of concern is about default that was never going to occur. downgrade of credit rating is a real threat unless we make serious structural reforms. >> congressman, if your vote would cause default, if that would cause us to go to default, risk federal services and federal workers, doesn't that bother you? >> yeah. i would be bothered if we had a default. that's...
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Nov 9, 2010
11/10
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i think the size of our deficit, the size of our national debt is a huge problem. not just for us now but for our children and our children's children. it's a national security issue. when secretary gates, someone who served in the bush administration as well as the obama administration are saying there are cuts we can responsibly make in defense spending, there are ways we can realign our military to be more responsive to the threats we face in the world, i would face that more seriously. we'll take a hard look on whether we're continuing to spend money on weapons not appropriate in the modern war environment our soldiers are facing. >> you're getting sworn in early because you're filling in a seat that was an appointed senate seat. thank you for your time, senator elect. >> thank you. >>> you can have the last word online, thelastword@msnbc.com. you can follow my occasional tweets @lawrence. that's tonight's last word. tomorrow i'll respond to glenn beck calling me msnbc's, he said it, hot new lover boy. i'll think about it overnight and decide if i agree with hi
i think the size of our deficit, the size of our national debt is a huge problem. not just for us now but for our children and our children's children. it's a national security issue. when secretary gates, someone who served in the bush administration as well as the obama administration are saying there are cuts we can responsibly make in defense spending, there are ways we can realign our military to be more responsive to the threats we face in the world, i would face that more seriously....
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Jun 13, 2012
06/12
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we had a surplus, they turned night a deficit, built in a structural deficit, that extends for decades, and -- >> [ inaudible ]. >> isn't that something? >> it's like somebody goes to restaurant, orders a big steak dinner, martini, all that stuff, and then just as you're sitting down, they leave. and accuse you of running up the tab. >> that's actually what barnicle does. >> i know. >> orders it. >> i don't level accusations, though. >> he doesn't level accusations. >> going to the men's room and never comes back. >> if you want to continue that met fa for, it's like the republicans ordering the steak and the martini, and then the president coming and going, you know what? food for everybody. >> lobsters all around. >> lobsters all around. in fact, we're going to -- we want -- can you guys make the lobsters and the steak pile so high that we can't breathe. >> do you think that's the metaphor? >> come on. look at the numbers. >> spending -- >> if you're talking about -- >> hey, mika, the spending, he has spent more money by far than any president. >> faster. >> in the history of the pla
we had a surplus, they turned night a deficit, built in a structural deficit, that extends for decades, and -- >> [ inaudible ]. >> isn't that something? >> it's like somebody goes to restaurant, orders a big steak dinner, martini, all that stuff, and then just as you're sitting down, they leave. and accuse you of running up the tab. >> that's actually what barnicle does. >> i know. >> orders it. >> i don't level accusations, though. >> he doesn't...
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Aug 27, 2012
08/12
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there's a 120% deficit when it comes to caring about people. why do you think? >> it's an advantage the president has temporarily. but as the president goes on the attack, constantly attacking. constantly using negative messaging, i think his connectivity with people will drop. he's going forward to reconnect with people to set the stage for the general election and show who he is, what's in his heart. i think the acceptance speech is a great place to start. >> you'll also speak. you'll have a prominent role. when you're not running, you can be lynned to more. what is it that you'd like your party to hear? >> well, i'm going to talk about education. it's something that is not a national program, but it's a graet party. there's no amount of government programs that could fill that void. we have this big debate about class warfare. the president is constantly trying to divide the country by saying rich people need to pay more and they didn't build what they built. it was a communal effort. i'm passionate about this because i think american -- the american politica
there's a 120% deficit when it comes to caring about people. why do you think? >> it's an advantage the president has temporarily. but as the president goes on the attack, constantly attacking. constantly using negative messaging, i think his connectivity with people will drop. he's going forward to reconnect with people to set the stage for the general election and show who he is, what's in his heart. i think the acceptance speech is a great place to start. >> you'll also speak....
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Nov 19, 2010
11/10
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they put that towards the deficit next year. the problem with that, chris, as you know, for budgeting is what happens the following year? theres no $1.4 billion to plug in. all you've done is brought yourself one year of leeway. it doesn't solve the problem. >> let me play for you what tom corbit said. he is the incoming governor of pennsylvania. here you go. >> we have been going in a direction where we increase our budget by 40%. we increte our debt by 40% and we continue to see a population of our young people leaving pennsylvania. we have great challenges in front of us, but i view those as a great opportunity to change what has not been working for the last 25, 30 years. >> and i don't want to just make this about pennsylvania, because you have a much larger perspective about this. but what can governors do? look, they're going to have to figure this stuff out. so, what are their alternatives? >> well, first of all, i just want to say that these he's wrong about young people leaving pennsylvania. young people are staying an
they put that towards the deficit next year. the problem with that, chris, as you know, for budgeting is what happens the following year? theres no $1.4 billion to plug in. all you've done is brought yourself one year of leeway. it doesn't solve the problem. >> let me play for you what tom corbit said. he is the incoming governor of pennsylvania. here you go. >> we have been going in a direction where we increase our budget by 40%. we increte our debt by 40% and we continue to see a...
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May 15, 2012
05/12
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that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >> what did you hear that would substantively reduce the deficit? >> first of all when he says we need to stop spending money in washington, he's absolutely right. no, i'm actually going to give you the truth. the percentage of spending to gdp is 24%. the average post world war ii average of gdp spending is 21%. we are spending far too much money in these times. so when you say -- >> how is mitt romney going to increase the size of the military and shrink everything else and control the deficit? i can't work that out. sorry. go ahead? >> and he is going to cut taxes. how does he close the deficit
that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >>...
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Nov 9, 2010
11/10
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deficits are what happens this year, and debts are the deficits from the history of the country, and then there is a third category that is much, much bigger than what the public hears about. the public hears that the public debt is about $13 trillion. they are not told that we have about $50 trillion -- i said trillion and not billion -- >> right. >> of promises and liabilities, largely, social security and medicare and medicaid, of which know money has been put aside, and those are promises we made. those are off the books. >> mike, i look back at 1992 when the first time the debt, the issue of the debt, ross perot brought it into the forefront and at that time it was $3 trillion. there was a couple years where we balanced the budget as a government, and got rid of the deficit but the debt continued to grow. i found this report interesting. you say by 2040, one of the largest out lies in the federal budget will just be the interest. >> today interest expense is $200 billion, a huge number. $100 billion of which is sent to foreign lenders who own half of our foreign debt. and talkin
deficits are what happens this year, and debts are the deficits from the history of the country, and then there is a third category that is much, much bigger than what the public hears about. the public hears that the public debt is about $13 trillion. they are not told that we have about $50 trillion -- i said trillion and not billion -- >> right. >> of promises and liabilities, largely, social security and medicare and medicaid, of which know money has been put aside, and those...
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Oct 18, 2009
10/09
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the deficit with an $800 billion stimulus bill that quadrupled the debt. that was, in my opinion, the straw that broke the cam elise back, and they did that without even reading it. now, if our politicians that we send to washington, d.c., do not take the oath of office strong enough to read the bills they signed, we need to bring them home, republicans and democrats. >> the difference is between bush and obama. is that when bush came in, up next, president obama told a 9-year-old who asked the president why do people hate you? that's next on the side show. for a red irritated nose try puffs plus... with lotion and a touch of shea butter. it's more soothing than plain tissue, why use any other? a nose in need, deserves puffs plus indeed. the blue goes on the left. (announcer) getting ready for the big game? ohhhh... bring it. bounty extra soft-- the bounty with a little extra softness! it's super absorbent. and it works extra hard for your money. in this lab demo, one sheet of bounty extra soft out-scrubs two sheets of the bargain brand. game on. bounty ex
the deficit with an $800 billion stimulus bill that quadrupled the debt. that was, in my opinion, the straw that broke the cam elise back, and they did that without even reading it. now, if our politicians that we send to washington, d.c., do not take the oath of office strong enough to read the bills they signed, we need to bring them home, republicans and democrats. >> the difference is between bush and obama. is that when bush came in, up next, president obama told a 9-year-old who...
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May 16, 2012
05/12
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we have gone from trillion dollar surpluses to trillion dollar deficits. not all of those costs are not the fault of administration. 9/11 occurred and the decline in the economy. what is also true is it was aided and abetted by a set of fiscal policies that i think were on the wrong course. we can take a look at example of yesterday's vote. >> that's where it cuts off. that's where this republican video ends. there's nothing else happens. surely we do live in two political different universes if that's a republican attack ad. barack obama saying that george w. bush left large deficits and had bad fiscal policies. right and your point is? this is a republican attack ad. do republicans think that didn't happen or they like that george bush did those things? is he endorsing mitt romney from behind a closing elevator door day, that day, is that a good day for republicans? steve schmidt joins us next. >>> we have the best new thing in the world coming up. stay with us. [ female announcer ] lactaid milk is easy to digest. it's real milk full of calcium and vitam
we have gone from trillion dollar surpluses to trillion dollar deficits. not all of those costs are not the fault of administration. 9/11 occurred and the decline in the economy. what is also true is it was aided and abetted by a set of fiscal policies that i think were on the wrong course. we can take a look at example of yesterday's vote. >> that's where it cuts off. that's where this republican video ends. there's nothing else happens. surely we do live in two political different...
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Nov 28, 2011
11/11
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in 2010, we have a deep deficit. what changed? first, the growth of the entitlement programs, as i mentioned. second were the tax cuts put in place by president bush. and those are the two leading reasons. third, lesser important, but still important is the war in iraq and afghanistan. you have to deal with both of the first two to get this done. >> let me ask you that. you say there's orthodoxy. the other democrats say there's orthodoxy on the right, they'll never pass anything to do with tax increases. what about the pressure democrats are under having to do with entitlements. you talk about norquist, what about the aarp which ran ads like this, warning members of congress not to mess with social security and medicare. watch. >> to washington, before you even think about cutting my medicare and social security benefits, here's a number you should remember, 50 million. we are 50 million seniors who earned our benefits. you will be hearing from us, today, and on election day. >> so, senator, isn't it true, that, in fact, democrats
in 2010, we have a deep deficit. what changed? first, the growth of the entitlement programs, as i mentioned. second were the tax cuts put in place by president bush. and those are the two leading reasons. third, lesser important, but still important is the war in iraq and afghanistan. you have to deal with both of the first two to get this done. >> let me ask you that. you say there's orthodoxy. the other democrats say there's orthodoxy on the right, they'll never pass anything to do...
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Jan 26, 2012
01/12
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but if deficits don't matter, then higher spending never has any cost. so i think the republican policy of never raising taxes has, ironically, led to higher spending. >> bruce, you point out something that i didn't notice in the book. you mention that we all know that president george w. bush was a big tax cutter. but it's also true, you say here, that he was the only president since we've invented the tax code who never raised a single tax in any way. >> well, at least since hoover. i don't think coolidge raised any taxes, but every president since herbert hoover has raised taxes to some degree or another. but george w. bush never did. and there's a footnote in my, to a treasury document that explains that. >> it hasn't always been this way. bruce bartlett, your new book is "the benefit and the burden." thank you very much for union g i joining us tonight. >> thank you. >>> coming up, today mitt romney said he would consider putting newt gingrich in the vice presidential slot on his ticket, which is very bad news for chris christie and my next guest, g
but if deficits don't matter, then higher spending never has any cost. so i think the republican policy of never raising taxes has, ironically, led to higher spending. >> bruce, you point out something that i didn't notice in the book. you mention that we all know that president george w. bush was a big tax cutter. but it's also true, you say here, that he was the only president since we've invented the tax code who never raised a single tax in any way. >> well, at least since...
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Apr 23, 2011
04/11
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the third one is deficit. another item, only 29% say the deficit reduction would create jobs. so the republican argument that it would create jobs is only believed by 29%. the deficit itself, as an issue for the president comes in third. has the white house made a mistake in adopting the republican frame that the deficit is our number one issue? >> well, there are two things there. first of all, the longer they spend talking debts and deficits they are off topic as republicans are. yes, that's why people are saying you are not dealing with the economy or changing it. you are not talking about things we care about. it's not like this is the first they have talked about jobs. people need to talk about jobs as they deal with the deficit. it's not republican territory the way it's framed up. as long as it's about raising taxes on people making $250,000 or more, that's great territory for democrats because more than 70% of voters agree with the democratic position as long as it's about changing medicare in a radical way, it's democratic territory. the deficit debate has been good f
the third one is deficit. another item, only 29% say the deficit reduction would create jobs. so the republican argument that it would create jobs is only believed by 29%. the deficit itself, as an issue for the president comes in third. has the white house made a mistake in adopting the republican frame that the deficit is our number one issue? >> well, there are two things there. first of all, the longer they spend talking debts and deficits they are off topic as republicans are. yes,...
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Nov 23, 2010
11/10
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in order to upset that, we got the deficits. if we didn't have the deficits, we would have lower growth and more unemployment. the people were upset about deficits. what they are saying is they want more americans out of work. they may not know that. that's what, in effect, they are saying. >> let's discuss this. if they vote against raising the debt ceiling, game out for me what happens? it is no the necessarily the car going off the cliff right away. how much road do we have left? >> there is some sort of shufflings that the president and treasury secretary will do. he will be the immediate one. secretary geithner will be doing the shuffling, doing different accounts and trying to extend things. then, the president will be deciding that there are some services that could be done without, nonessential services. they will be furloughing people. at some point, 20 days, 30 days, it is hard to say. at some point, you have bills, social security checks, medicare checks and, of course, interest on the debt or debt being rolled over,
in order to upset that, we got the deficits. if we didn't have the deficits, we would have lower growth and more unemployment. the people were upset about deficits. what they are saying is they want more americans out of work. they may not know that. that's what, in effect, they are saying. >> let's discuss this. if they vote against raising the debt ceiling, game out for me what happens? it is no the necessarily the car going off the cliff right away. how much road do we have left?...
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Nov 10, 2010
11/10
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they were just larded onto the deficit. that's what turned the clinton budget surplus into the bush budget deficit. that, a couple wars and something about medicare did it. because those tax cuts weren't paid for, they had a time limit on them. that was the only way the people who passed the tax cuts could get away with blowing that hole in the budget, with being that fiscally irresponsible. the cuts had to expire. they had a ten-year sunset and that point has been reached. the bush tax cuts are set to expire at midnight on new year's eve. what that means is that at no point will republicans be controlling any house in congress when a decision gets made on the bush tax cuts. that decision has to be made while republicans are still in the minority and democrats are in control. somebody alert eric cantor. >> hopefully when congress goes back in session next week we can actually see the president come to our direction. >> i understand why you want that but why would he do that exactly? as we have been talking about since even
they were just larded onto the deficit. that's what turned the clinton budget surplus into the bush budget deficit. that, a couple wars and something about medicare did it. because those tax cuts weren't paid for, they had a time limit on them. that was the only way the people who passed the tax cuts could get away with blowing that hole in the budget, with being that fiscally irresponsible. the cuts had to expire. they had a ten-year sunset and that point has been reached. the bush tax cuts...
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Sep 28, 2012
09/12
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five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >> right. >> i think now it's much clearer to people that these two things are related but they are quite separate and there are moments when balancing the budget or cutting spending on things like schools and public safety can actually make unemployment worse. i think something else important has happened, which is the health care law was very unpopular on election day back then. the health care law is gaining ground. and they were demobilized, the democrats last time. they are not demobilized this time. >> they were strutting around, the
five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >>...
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Nov 12, 2010
11/10
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we can keep talking about deficit. there's 15 million americans who don't have a job, there's 12 million underemployed, people who are still worried about losing their homes. we've got get on america out of this financial ditch and this obsession of taking care of the deficit through cutting social security benefits and medicare is just wrong. and it's not going to fly. we have to go forward and provide for prosperity in this country and not cause the middle class to be thrown overboard. >> congressman dennis kucinich, great to have you with us tonight. thanks so much. >>> let's get rapid-fire response from our panel on these stories. white house is hitting back after reports said that the president was ready to cave in for the tax cuts the wealthy. >>> the pentagon says repealing don't ask, don't tell would have virtually no negative impact on the troops. so what will the new majority do with that issue? >>> and a new poll shows that sarah palin is, by far, the most polarizing of the potential 2012 republican presiden
we can keep talking about deficit. there's 15 million americans who don't have a job, there's 12 million underemployed, people who are still worried about losing their homes. we've got get on america out of this financial ditch and this obsession of taking care of the deficit through cutting social security benefits and medicare is just wrong. and it's not going to fly. we have to go forward and provide for prosperity in this country and not cause the middle class to be thrown overboard....
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May 16, 2012
05/12
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i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. oooh, what's her secret? [ male announcer ] dawn hand renewal with olay beauty. improves the look and feel of hands in just five uses. [ sponge ] soft, smooth... fabulous! [ male announcer ] dawn does more... [ sponge ] so it's not a chore. ♪ power surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. i saved a fortune on car insurance with progressive. now i'm just out here saving fortunes forward. i want you to look into this ball right here. tell me what you see. savings. that's absolutely right. and it's in your future. close your eyes. man: all right. go to progressive.com. i see flo. that's
i'll tell you why mitt romney will make the deficit worse. richard wolffe joins me next on that. >>> republicans block the appointment of the state's first openly gay judge. one congressman from oklahoma thinks that kind of discrimination, it's just fine. we'll discuss the right wing's effort to undermine equality in this country. we're coming right back. oooh, what's her secret? [ male announcer ] dawn hand renewal with olay beauty. improves the look and feel of hands in just five...
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Feb 2, 2010
02/10
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deficits? >> well, that's not what i said. i said distribute deficits. chris, you've been in washington, only congress can pass spending bills. i've got a chart that shows it right here. if you take the 12 years that republicans were in control of congress, you had budget deficits of roughly $104 billion a year. i'm embarrassed about that. but in the three years that democrats have been in charge of congress, what you have is actually budget deficits that are approaching $1.1 trillion. so yes, by the assertion, maybe the president misunderstood me. otherwise he has his facts wrong. >> if you look at the deficit as it's grown over time. by the time this president took office, the fy 2010 budget was already up to 1.2. he's now calling for a budget deficit from 1.6. about a third increase per month. that's really what the increase has been under his watch, right? let's just talk about this president. well, chris, all the -- no, no, no. >> isn't that -- >> read the transcript, please, of what i sai
deficits? >> well, that's not what i said. i said distribute deficits. chris, you've been in washington, only congress can pass spending bills. i've got a chart that shows it right here. if you take the 12 years that republicans were in control of congress, you had budget deficits of roughly $104 billion a year. i'm embarrassed about that. but in the three years that democrats have been in charge of congress, what you have is actually budget deficits that are approaching $1.1 trillion. so...
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Jul 7, 2010
07/10
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the deficit concerns, and the very act of highlighting fears about the deficit undermines the effort to stimulate the economy. so you -- it's almost like a doesn't matter if he believes that there should be more government spending to get the economy going if he's also going to say that we have all this, you know, that we have problems with the deficit because saying that have you problems with the deficit undermines your ability to get -- to get money through congress. >> yeah. it's a terrible idea. david axelrod was right in the beginning, not at the end or not currently. all right. ryan grim from "the huffington post," thanks so much for joining me. >> thanks for having me. >> joining us is a republican congressman to give us a different perspective on this. congressman franks, welcome. >> great to be here. >> now, i assume you think along with the deficit commission that social security is a large part of the problem. is that right? >> well, i think government is spending in general is a large part of the problem. government has grown to the extent that it's overwhelming so much
the deficit concerns, and the very act of highlighting fears about the deficit undermines the effort to stimulate the economy. so you -- it's almost like a doesn't matter if he believes that there should be more government spending to get the economy going if he's also going to say that we have all this, you know, that we have problems with the deficit because saying that have you problems with the deficit undermines your ability to get -- to get money through congress. >> yeah. it's a...
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Jul 6, 2011
07/11
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historically the united states whenever it has a deficit, it finances that deficit through the sale of treasuries, and this is a very common practice. over our lifetime typically the government is always running a modest deficit, and congress is supposed to vote on the amount of debt that treasury can essentially issue. it's a pretty esoteric piece of business. typically has not been something that created a lot of controversy. what's happening now is that congress is suggesting we may not vote to raise the debt ceiling. if we do not, then the treasury will run out of money. it will not be able to pay the bills that are owing, and potentially the entire world capital markets could decide, you know what? the full faith and credit of the united states doesn't mean anything, and -- and so our credit could be downgraded, interest rates could go drastically up, and it could cause a whole new spiral into a second recession or worse. so this is something that we shouldn't be toying with. what dexter's question referred to was there are some people who say that under the constitution it's unco
historically the united states whenever it has a deficit, it finances that deficit through the sale of treasuries, and this is a very common practice. over our lifetime typically the government is always running a modest deficit, and congress is supposed to vote on the amount of debt that treasury can essentially issue. it's a pretty esoteric piece of business. typically has not been something that created a lot of controversy. what's happening now is that congress is suggesting we may not vote...